Siemens

Siemens AG Monitor

Siemens Aktiengesellschaft Annual Report 2017
CR Monitor Issue: 
2018/0213
Company covered: 
Siemens AG
Period End: 
30 September, 2017
Report issued on 27 February 2018 covered the following practice issues:
Pronouncements
Discussion of key audit matters included in auditors report.
Pronouncements
Disclosure of impacts of new standards issued but not yet applicable including IFRS 9 "Financial instruments" and IFRS 15 "Revenue from contracts with customers"
Change
Added disclosure in respect of a subsidiary with a material non-controlling interest.

Siemens AG Monitor

Siemens Aktiengesellschaft Annual Report 2016
CR Monitor Issue: 
2017/0301
Company covered: 
Siemens AG
Period End: 
30 September, 2016
Report issued on 7 March 2017 covered the following practice issues:
Pronouncements
Qualitative disclosures in respect of the impact of new revenue standard extended.
Pronouncements
Disclosure of impacts of new impending leasing standard introduced
Change
Narrative disclosure of strategic risks extended to include new risk factors in respect of "continuous low oil/commodity prices" and "footprint".
Restatement
Segment information restated without any explanation.

Impending Changes: Disclosure of IFRS 15 Impacts

This report focuses on the disclosures given by companies in respect of the impending impacts of the new revenue standard IFRS 15 “Revenue from contracts with customers”. It considers the level of detail given by companies to determine the standard of qualitative information that companies disclose in relation to future changes in accounting policy and to what extent to date we have seen companies give quantitative information as to the impact the standard will have when it is adopted.

Fair value measurement disclosures - other assets: an emerging issue under IFRS

This report surveys fair value measurement disclosures on assets other than financial instruments, investment property and bearer plants.  Our sample covers biological assets, land and buildings, non-financial assets held in defined benefit pension schemes and cash-generating units whose recoverable amount is calculated using fair value less costs to sell. We note a predominance of classification at Level 3, indicating use of unobservable inputs.

Share-based payments under IFRS disclosure of the extent of arrangements and valuation

This report examines company disclosures in respect of share-based payment arrangements. It considers specifically disclosures in relation to the extent of such arrangements and the valuation of instruments granted. In relation to the valuation of share options the report considers the valuation methods applied by the sample companies.  

Share-based Payment Arrangements under IFRS disclosure of nature and impact

This report examines company disclosures in respect of share-based payment arrangements. It considers specifically disclosures in relation to the nature of such arrangements and the impacts on profit or loss during the period. The report will also look at the overall significance of share-based payments by considering total share-based payment expense as a percentage of profit after tax, the length of disclosure in the financial statements and the number of share-based payment schemes that companies have.

Siemens AG Monitor

Siemens AG Annual Report 2014
CR Monitor Issue: 
2015/0207
Company covered: 
Siemens AG
Period End: 
30 September, 2014
Report issued on 10 February 2015 covered the following practice issues:
Pronouncements
Introduction of offsetting table for financial assets and financial liabilities subject to netting arrangements.
Pronouncements
Preliminary analysis of newly issued financial instruments and revenue recognition Standards.
Change
Timelag eliminated in reporting joint venture results.

Siemens AG Monitor

Siemens AG Annual Report 2013
CR Monitor Issue: 
2014/0514
Company covered: 
Siemens AG
Period End: 
30 September 2013
Report issued on 26 May 2014 covered the following practice issues:
Change
Spun-off business measured at fair value.
Change
Business reclassified from discontinued to continuing operations.
Restatement
Salary withholdings of share-based payments reclassified from financing to operating activities.

Other Comprehensive Income: Presentation of items by reclassification status an emerging issue under IFRS

This report considers the presentation of other comprehensive income following the issue of amendments to IAS 1 “Presentation of financial statements”. It considers how the various line items that represent other comprehensive income are reported by nature focusing on the presentational split between those items that will not be reclassified subsequently to profit or loss and those that will be reclassified to profit or loss when specific conditions are met.